Millicom accelerates revenue growth, profitability a key focus

Stockholm, July 17, 2013 – Millicom, the international telecommunications and
media company (Stockholmsbörsen: MIC) today announced its half-year 2013
results.
The highlights include:

-       Reported growth in the second quarter reached 6.5%. On a like-for-like
basis revenue grew 9.4% (excluding one-off and regulatory impacts) to $1,258
million (7.7% excluding Online)

-       In the first half, over 1.5 million more of our mobile customers were
upgraded to mobile data services

-       Mobile Financial Services penetration reached 10% of the mobile customer
base at the end of June

-       Online business growth accelerated in the second quarter and we saw
momentum building in our African online ventures

-       Group EBITDA declined to $463 million pointing to an underlying margin
of 39.5%. Group outlook for 2013 EBITDA margin has been adjusted to around 40%,
offset by lower than expected losses in the Online division

The second quarter resulted in accelerating underlying and reported trends:

-       Mobile data revenue grew by 30% year-on-year on the back of a high rate
of mobile data conversion: over 1.5 million more of the customer base was
converted in H1

-       In Cable & Digital Media, our net new RGUs reached new highs in Q2 and
our growth accelerated. We applied for further DTH licences in Latin America to
broaden our reach and continue diversifying our product offering

-       In our Online activity, growth has accelerated while costs have been
contained, evidence of combining the execution strengths of our new partners
with our emerging markets existing know-how

Commenting on the performance, Hans-Holger Albrecht, President and CEO of
Millicom said:

“The continued growth in data revenues confirms the strong trend we outlined at
Q1 results. It underlines the importance of our drive to transform the company
into the provider of a diversified range of digital lifestyle services whether
accessing Facebook on an inexpensive smartphone or watching Latin American
football on our TV network. These services symbolise the new Millicom and are
evidence of implementation of our five-year strategy. Its achievement requires a
strong investment phase but I am pleased that we are executing successfully our
plans while focusing also on costs and on emerging market consumers’ growing
demand to transform their lives by using digital services.”
To read the half-year results in full go to: www.millicom.com/all-news:

Press Enquiries:
Julian Eccles, VP, Corporate Communications
+44 7720 409 374
press@millicom.com

Investor Enquiries:
Justine Dimovic, Director, Head of Investor Relations
+352 27 759 479
investors@millicom.com
About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets the
pace when it comes to providing digital lifestyle services to the world’s
emerging markets, giving access to the world, primarily through mobile devices.
Operating in 15 countries, Millicom offers innovative and customer-centric
products. The Millicom Group employs more than 10,000 people and provides mobile
services, access to the internet, content and financial services to over 45
million customers. Founded in 1990, Millicom International Cellular SA is
headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the symbol
MIC. In 2012, Millicom generated revenue of USD 4.81 billion and EBITDA of USD
2.07 billion.

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